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Two-Unit Tampa Investment – Residential/Commercial Zoned — $309,900

$309,900 • 2 Beds / 1 Baths • 1,478 SqFt

Available

Offer Submission Deadline

House Type 2-4 Unit
Bedrooms 2
Bathrooms 1
Year Built 1951
Approx.SqFt. 1478
Lot size SqFt. 1478

Description

This unique income-producing setup in Tampa’s 33613 corridor features two separate houses on one lot, with dual electric meters and residential/commercial zoning. This property offers multiple exit strategies for rental, redevelopment, or mixed-use use. The front structure is a 5-bed, 1-bath, 1,478 sf 1951 block home that needs a full interior renovation. The rear structure is a 2-bed, 1-bath with 610 sf home in rent-ready condition. Both roofs appear in good shape. Prior rents were $2,600 (front) and $1,200 (back), giving an as-is income upside while renovations are performed. Access by appointment.

🛠️ Rehab Scope

Front House (5/1 – full rehab):
Full interior renovation: flooring, paint, kitchen, bath, doors, fixtures
Electrical & plumbing upgrades (older 1950s construction—verify active systems)
HVAC replacement likely
Window/door updates
Exterior paint + yard cleanup
Back House (2/1 – light rehab):
Touch-up paint, minor punch-list repairs
Check mechanicals + service AC
Optional: cosmetic refresh for ARV-level finish

🔵 Comparable Sales

13110 Mitchell St – 3/2 | 1,072 sf | 1957 | Lot 9,295 sf – $321,000 ($299/sf) – Fully renovated resale level
317 E 132nd Ave – 3/2 | 1,314 sf | 1954 | 0.29 ac – $369,999 ($282/sf) – Updated interior
302 E 137th Ave – 4/3 | 1,952 sf | 1964 | 0.42 ac – $460,000 ($236/sf) – Large renovated home
1204 E 138th Ave – 2/2 | 1,367 sf | 1957 | 0.26 ac – $385,000 ($282/sf) – Updated home
717 E 137th Ave – 3/3 | 1,865 sf | 1989 – Pending at $375,000 ($201/sf) – More modern build

ARV Analysis

Renovated comps cluster between $236–$300 per sf for updated 1950–1960s inventory on similar lot sizes.

Given the dual-structure setup, mixed-use zoning, and total combined square footage:

Likely ARV Range:

$425,000 – $450,000